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Central banks do not need to intervene over price rises yet

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Central banks do not need to intervene over price rises yet

Thursday 11 November 2021 – Vol.12 Ed.45.4

Commentary: Fed will act on inflation when it needs to

By Paul Sheard in New York

Elevated inflation readings, particularly in the US, are causing many pundits to express a dim view of the pandemic-triggered fiscal and monetary expansions. They warn of looming runaway inflation. The premise underlying the modern macroeconomic policy framework is that central banks can and will control inflation over the medium term. Expect the Fed to take away the punchbowl when it judges it really needs to.

Read the full commentary on the website.

Meeting: Fiscal policy outlook for 2022

Wednesday 1 December 15:00-16:00 GMT

Economic reform is moving up the agenda of governments and treasuries around the world. Climate change, long-term growth and financial inclusion remain high on the agenda following the G20’s meeting in Rome and COP26 in Glasgow. Vitor Gaspar, director, fiscal affairs department, International Monetary Fund and former minister of state and finance of Portugal, joins OMFIF’s Mark Sobel to discuss global challenges and priorities in fiscal policy.

Register to attend here.

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